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Transparency Watchdog Calls for End to Money Laundering ‘Impunity’

Roberta Holland | February 18, 2015

Anti-corruption watchdog Transparency International is calling on governments around the world to end what it calls impunity for money laundering.

The group’s Berlin-based international secretariat issued a statement last week urging enforcement authorities to make a top priority the prosecution of individuals or banks when faced with evidence of illegal financial transactions. Fines, the watchdog said, have not proved a deterrent.

Ugaz-josé-1114“Evidence of money laundering abounds, but for the greatest part investigations have only resulted in corporate fines with almost no criminal prosecutions of individuals,” José Ugaz, chairman of TI’s board of...

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